The options market is pricing a — move for NOW's 2026-11-04 · after close report. Over its last 8 reports, NOW has actually moved ±8.8% on average (biggest: ±17.7%). That's a 1.2× realized-vs-implied ratio, so the options look underpriced — NOW has historically moved more than the market prices in, which favors buying premium (long straddle/strangle) into the print. It has exceeded the implied move in 50% of those prints, beaten EPS estimates 0% of the time (8 quarters), and the 1-day reaction has been negative 50% of the time (avg -1.9%).
This is a data-driven edge, not a prediction of direction — earnings are binary events and any single print can gap either way. Position and size accordingly.
| Report | Est EPS | Actual | Result | Implied | 1d move | 1w move |
|---|---|---|---|---|---|---|
| 2026-07-22 | 0.86 | 0.31 | miss | ±9.9% | -3.7% | +21.3% |
| 2026-04-22 | 0.95 | 0.49 | miss | ±9.5% | -17.7% | -13.8% |
| 2026-01-28 | 0.87 | 0.52 | miss | ±7.2% | -9.9% | -14.3% |
| 2025-10-29 | 0.84 | 0.12 | miss | ±7.2% | +2.5% | -3.5% |
| 2025-07-23 | 0.71 | 0.44 | miss | ±6.4% | +4.2% | +2.2% |
| 2025-04-23 | 0.76 | 0.46 | miss | ±7% | +15.5% | +17.4% |
| 2025-01-29 | 0.72 | 0.39 | miss | ±6% | -11.4% | -10.2% |
| 2024-10-23 | 0.69 | 0.43 | miss | ±5.4% | +5.4% | +4.7% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
NOW is scheduled to report on 2026-11-04, after the close. Dates can shift until the company confirms.
The expected move is the size of the post-earnings swing the options market is pricing in (from the ATM straddle). We show NOW's live.
Over its last 8 reports, NOW has beaten EPS estimates 0% of the time. A beat doesn't guarantee an up move — the reaction depends on guidance and how much was already priced in.
Over the last 8 reports, NOW moved ±8.8% on average versus a ±7.4% implied move — a 1.2× ratio, so the options have been cheap (it moves more than priced). It exceeded the implied move 50% of the time.
Expected moves, gamma levels and the day's setups before the open — free.
See NOW's positioning too: NOW gamma exposure → · NOW options flow →
The premium earnings board ranks every upcoming report by the biggest realized-vs-implied edge — where the options are mispriced vs how the stock actually moves — with the play on each.
Data via Unusual Whales · refreshes each session · educational, not financial advice · earnings are binary events with substantial risk.
